Legal risk management refers to the process of identifying, assessing, and mitigating legal risks that a company may face in the course of its business activities. Legal risks are the potential financial, operational, or reputational losses that a company may incur due to legal issues such as lawsuits, regulatory investigations, or breaches of contract.

Litigation encompasses all procedures carried out in courts regarding legal disputes in which the client is a party.

Mediation is a form of alternative dispute resolution (ADR) where a neutral third party, known as a mediator, helps parties in a dispute come to a mutually acceptable resolution. The mediator facilitates communication and negotiation between the parties, but does not make any decisions or impose any solutions. Instead, the parties themselves are responsible for reaching an agreement that works for everyone involved. Mediation is often used as an alternative to litigation or other more adversarial forms of dispute resolution, as it can be faster, less expensive, and more flexible than going to court.

Arbitration is a form of alternative dispute resolution in which a neutral third party, called an arbitrator, is appointed to make a binding decision on a legal dispute between two or more parties. It can be used to resolve a wide range of disputes, including commercial, employment, and consumer disputes, among others. It is often chosen as an alternative to litigation, as it can be faster, less formal, and more flexible than going to court.